Active
135 Days on market
7 Freeman St Lynnfield — Photo 1 of 39

7 Freeman St Lynnfield — Photo 1 of 39

Recent Drop: $204,000

$3,599,000
$3,395,000

$3,395,000

7 Freeman St, Lynnfield, MA 01940

Lynnfield, MA 01940

Beds

5

Baths

6

SqFt

7,430

Style

Single Family

Built

2002

Set at the end of a quiet cul-de-sac, this 5-bedroom, 6-bath residence offers space, privacy, and a true indoor-outdoor lifestyle and is being offered fully furnished for a seamless, move-in-ready experience. A dramatic two-story foyer with a sweeping staircase leads into spacious, defined living areas with a natural flow for everyday living and entertaining. With over 6,300 sq ft, the home includes a finished lower level with a theatre room and recreation space, plus a top-floor bonus area ideal for a gym, office, or studio. A resort-style backyard features an in-ground pool, expansive patio, covered pavilion that defines the outdoor living space, and a private basketball court. A 1,000+ sq ft detached guest house with a full kitchen, bedroom, bath, and laundry offers flexibility for extended stays or guests. Convenient access to major routes and nearby amenities. A standout property offering space, function, and a strong indoor-outdoor lifestyle.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$457/sqft
Local Avg (Lynnfield)$462/sqft
1% BelowMarket Average

* Analysis is based on 18 actively listed and recently sold comparable properties strictly within Lynnfield, MA.

Property Details

Financials

Original Price$3,599,000
Annual Taxes$19,098

Parking

Garage3
Off-Street14

Interior Specifications

Total Rooms13
Fireplaces2
FlooringWood, Carpet, Other
BasementFull, Finished

Climate & Utilities

HeatingForced Air
CoolingCentral Air
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame, Brick, Stone
RoofShingle
FoundationConcrete Perimeter, Brick/Mortar
ZoningRB

Property & Lot

Acres0.69
SqFt Lot30,048
Lot FeaturesLevel

Amenities & Appliances

Gas Water Heater • Range • Oven • Dishwasher • Disposal • Trash Compactor • Refrigerator

Neighborhood

Shopping • Park • Highway Access • Public School

Geography

Property History

Price Drop
$3,395,000

Was $3,599,000

May 26, 2026

MLS® 73508097

Listed
$3,599,000

Apr 27, 2026

MLS® 73508097

Population

13,285

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$173K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

12.3%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 7,430 sq ft principal dwelling). Lot size: 30,048 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Listing Provided By

Listing Agent: The Sarkis Team

Listing Office: Douglas Elliman Real Estate - The Sarkis Team

MLS® Number: 73508097

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